Kimia Investment Bank | تامین سرمایه کیمیا

What Kimia Investment Bank | تامین سرمایه کیمیا does

Kimia Investment Bank (تامین سرمایه کیمیا), publicly traded on Iran Fara Bourse's Secondary Market under the ticker تکیمیا (Tekimia), operates as Iran's first specialized investment bank focused on the mining and metals sector. Founded in Azar 1401 (November 2022) and licensed by the Securities and Exchange Organization, the firm is majority-owned by Kimia Financial Group, whose anchor shareholder is National Iranian Copper Industries Company (NICICO). It delivers a full-stack capital markets offering: underwriting and subscription commitments for IPOs, rights issues, and bond offerings; market making for bonds, ETFs, and equities; securities valuation and advisory; discretionary portfolio management; and fund management across six regulated vehicles (Onyx fixed-income ETF, Emerald gold ETF, Azarin base-metals sector fund, Abnoos equity fund, Plata silver commodity ETF, and a copper industry market-making fund), with combined AUM of approximately 14,000 billion TOMAN.

Revenue is generated from three principal streams: professional-services fees (underwriting, market making, valuation, portfolio management) totaling 292 billion TOMAN in FY1403 (69% YoY growth); recurring investment profits from proprietary debt-securities holdings and fund unit investments of 746 billion TOMAN (33% YoY); and supervisory board fees on managed funds. The GTM motion is sales-led and B2B for corporate issuers (mining, automotive, textile companies), with B2C distribution of fund products through the nationwide licensed brokerage network via TSE, Iran Fara Bourse, and Iran Commodity Exchange listings.

FY1403 financials reflected strong operating momentum: 76% growth in operating profit for the 9-month period ending 1403/09/30, 25% net profit growth to 814 billion TOMAN, and an A+ long-term / A2 short-term credit rating. Customer concentration is high in the NICICO-affiliated copper ecosystem (Mes Mazra'eh, Pouiya Mes Iranian, Mafargh Mahan, National Iranian Copper Industries), supplemented by named enterprise mandates including Foolad Sirjan Iranian (the third-largest IPO in Iran's capital market history), Nasaj Bazaar textile, Arman Motor Org, and Mehdi-Abad lead/zinc mining development.

Name

Kimia Investment Bank | تامین سرمایه کیمیا

Legal name

Tamīn Sarmāyeh Kimīā (شرکت تامین سرمایه کیمیا)

Website

https://kimib.ir

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Kimia Investment Bank (تکیمیا) is Iran's first specialized mining and metals investment bank, publicly listed on Iran Fara Bourse and majority-owned by Kimia Financial Group / NICICO. It underwrites IPOs and bonds, provides market-making, valuation, and portfolio management, and manages six ETFs (gold, silver, fixed income, equity, base metals) with ~14,000 billion TOMAN AUM.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro industry

PRIMARYFSABAGAG

Islamic Investment Banking & Capital Markets Services

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

SECONDARYBPAHADAG

Capital Raising Advisory (Debt/Equity/Private Capital)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Strategy & Corporate Finance Advisory

SECONDARYFSACAAAI

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness)

Financial & Insurance/Capital Markets & Securities/Equity Capital Markets (ECM)

Keywords

• Investment banking services
• Capital market underwriting
• Asset management funds
• Securities market making
• Financial advisory services

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Underwriting & Subscription Commitment (تعهد پذیره‌نویسی): Revenue from taking on underwriting commitments for IPOs, rights issues, and bond offerings. The company earns subscription commitment fees and commitment fulfillment fees when facilitating capital raising for issuers on the Tehran Stock Exchange and Iran Fara Bourse. Major commitments include acting as underwriter for Fosool Sirjan (Sisco), Nasaj Bazaar textile, and mining companies. Subscription commitment revenue: ~17-18 billion TOMAN per engagement.
2. Market Making (بازارگردانی): Revenue from providing continuous bid-ask quotes for securities (bonds, ETF units, and stocks) to ensure liquidity in secondary markets. Onyx fixed-income ETF generates market-making income alongside management fees. Market making is a core recurring revenue driver.
3. Investment Fund Management & Administration (مدیریت صندوق‌های سرمایه‌گذاری): Management fees from overseeing multiple exchange-traded funds: Onyx (fixed income ETF), Emerald (gold ETF), Azarin (basic metals sector ETF), Abnoos (equity ETF), Plata (silver commodity ETF), and a copper sector market-making fund. Fund assets under management total approximately 14,000 billion TOMAN across all vehicles.
4. Debt Securities Investment Income: Interest income and coupon profits from the company's proprietary portfolio of bonds, participation papers, and other fixed-income securities issued by corporate and government entities. In 1403, debt securities investment profits reached 746 billion TOMAN, a 33% YoY increase.
5. Portfolio Management (سبدگردانی): Revenue from discretionary portfolio management services for high-net-worth and institutional clients, including managing assets within the company's own investment funds.
6. Securities Valuation & Advisory (ارزش‌گذاری و مشاوره): Revenue from providing independent securities valuation and IPO advisory services to companies listing on Iran Fara Bourse markets, including the Nowafreen growth market. For the Nasaj Bazaar textile IPO, the company acted as both valuer and underwriter.
7. Supervisory Board Seat (پذیرش سمت متولی صندوق): Revenue from accepting supervisory/trustee board seats on investment funds, a regulated function in Iran's capital markets that generates recurring fees.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Kimia Investment Bank is Iran's first specialized capital market institution focused on the mining and metals sector, providing underwriting and subscription commitments for IPOs and bond offerings, market-making services, portfolio management, and managing a suite of exchange-traded funds (Onyx fixed income, Emerald gold, Azarin basic metals sector, Abnoos equity, Plata silver) on the Tehran Stock Exchange, Iran Fara Bourse, and Iran Commodity Exchange. The company also offers financial consulting, asset management, and financial engineering and risk management advisory services to corporate and institutional clients.

Product overview

Kimia Investment Bank operates as a specialized capital market institution providing a portfolio of investment funds and financial services. Its investment fund suite includes five exchange-traded funds: Onyx (fixed income ETF), Emerald (gold-backed ETF), Azarin (base metals sector fund), Abnoos (equity-focused fund), and Plata (silver commodity fund). Beyond fund management, the company offers core financial services spanning financing (subscription/underwriting), financial consulting, asset management, portfolio management, and financial engineering with risk management. The company focuses on mining and metals sectors, positioning itself as Iran's first specialized capital market institution in mining and mineral industries.

Differentiator

Problem solved

Functional benefit

Brands

• Onyx (اونیکس): Fixed-income Exchange-Traded Fund (ETF) managed by Kimia Investment Bank, launched in Tir 1402 with initial capital of 100 billion Rials.
• Emerald / امرالد
• Azarin (آذرین)
• Abnos (آبنوس)
• Plata (پلاتا)

Products and services

• Onyx Fixed Income ETF A fixed-income exchange-traded fund (ETF) without dividend distribution, managed by Kimia Investment Bank. Targets maximum expected returns even during market downturns with near-zero probability of loss. Registered with the Securities and Exchange Organization under number 12159.
• Emerald Gold ETF A gold-backed securities exchange-traded fund (ETF) with ticker Emerald (امرالد) managed by Kimia Investment Bank. Invests in various gold-backed securities and can invest surplus assets in fixed-income securities, bank deposits, and deposit certificates.
• Azarin Sector Fund A sector investment fund focused on the basic metals industry. At least 70% of fund assets are invested in shares and preemptive rights of companies active in the base metals industry.
• Abnoos Investment Fund An equity-focused investment fund that collects capital from investors to form and manage a diversified portfolio. May participate in underwriting or purchase commitment of securities for a fee.
• Plata Silver Commodity Fund A silver commodity exchange-traded fund listed on Iran Mercantile Exchange, providing a stable platform for asset management in the silver market. Ticker: Plata (پلاتا).
• Mesm Copper Market-Making Fund A market-making fund focused on the copper industry, managed by Kimia Investment Bank to provide liquidity in copper-sector securities.
• Financing Services Core financing services including subscription, underwriting commitment, and purchase commitment of securities in primary offerings or through syndication with other similar institutions. For corporate issuers seeking capital raising on the Tehran Stock Exchange and Iran Fara Bourse.
• Financial Consulting Services Advisory services for financial and investment matters provided to corporate and institutional clients. Includes securities valuation and IPO advisory services.
• Asset Management Professional asset management services enabling investors to preserve assets while achieving optimal returns across various risk tolerance levels. Includes management of the company's investment funds.
• Portfolio Management Discretionary portfolio management services for investors seeking professional management of their investment portfolios, including high-net-worth and institutional clients.
• Financial Engineering and Risk Management Financial engineering and risk management advisory services including project finance structures, risk assessment, and innovative financing solutions for mining and industrial sectors.

Quantifiable outcome

• 76% increase in operating profit for 9-month period ending 1403/09/30
• +5 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Kimia Financial Group (گروه مالی کیمیا)coreStrategic or Co-development Partner · 22 April 1405Parent financial group that includes NICICO (National Iranian Copper Industries) and related mining companies. CEO Ismail Delfraz is CEO of both Kimia Financial Group and NICICO. Tekimia serves as the specialized capital markets arm of the group, providing financing solutions to group companies and co-developing financial products.
• Firoozeh Asia Brokerage (کارگزاری فیروزه آسیا)minorStrategic or Co-development Partner · 16 October 1403Served as the offering advisor (مشاور عرضه) for the Nasaj Bazaar textile IPO on the Nowafreen growth market of Iran Fara Bourse.
• Merat Parsian Kish (کارگزاری مرآت پرشین کیش)minorChannel Partner/ Reseller/ Distributor · 16 October 1403Served as the offering guarantor (متعهد عرضه) for the Nasaj Bazaar textile IPO, ensuring the success of the public offering.
• Karoon Market-Making Fund (صندوق سرمایه‌گذاری بازارگردانی کارون)minorChannel Partner/ Reseller/ Distributor · 16 October 1403Designated market maker (بازارگردان) for Nasaj Bazaar textile shares following the IPO, providing liquidity in secondary market trading.
• Damavand Investment Bank (تامین سرمایه دماوند)minorStrategic or Co-development Partner · 12 October 1403Joint underwriting syndicate for the Foolad Sirjan (Sisco) IPO. Damavand joined Tekimia and Lotus Parsian in a syndicate to underwrite the 2,000 billion TOMAN capital raise — the largest in Iranian capital market in 1403.
• Lotus Parsian Investment Bank (تامین سرمایه لوتوس پارسیان)minorStrategic or Co-development Partner · 12 October 1403Joint underwriting syndicate for the Foolad Sirjan (Sisco) IPO. Lotus Parsian joined Tekimia and Damavand in underwriting the 2,000 billion TOMAN capital raise.
• Lamard Free Economic Zone (منطقه آزاد اقتصادی لامرد)minorStrategic or Co-development Partner · 1 January 1402MoU signed at the Kish International Exhibition for financial cooperation and project financing within the Lamard Free Economic Zone, involving the Maskan Housing Group.
• Arvand Free Economic Zone (منطقه آزاد اقتصادی اروند)minorStrategic or Co-development Partner · 1 January 1402MoU signed at the Kish International Exhibition for financial cooperation and investment within the Arvand Free Economic Zone.
• Maskan Housing Group (گروه مسکن)minorStrategic or Co-development Partner · 1 January 1402MoU signed at the Kish International Exhibition for real estate and infrastructure project financing in collaboration with the Lamard Free Economic Zone.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Pasargad Investment Bank (تامین سرمایه پاسارگاد): One of the largest and most established Iranian investment banks, affiliated with Pasargad Bank. Operates a wider portfolio of investment funds and underwriting mandates across multiple sectors, serving as a broader incumbent benchmark for Tekimia's specialized mining focus.
• Eghtesad Novin Investment Bank (تامین سرمایه اقتصاد نوین): Iranian investment bank affiliated with Eghtesad Novin Bank, operating a broad fund and underwriting platform across sectors. Compares to Tekimia as a generalist incumbent with deeper balance sheet but less specialized sector positioning.

Direct peers

• Lotus Parsian Investment Bank (تامین سرمایه لوتوس پارسیان): Third member of the Foolad Sirjan (Sisco) underwriting syndicate alongside Tekimia and Damavand. An Iranian investment bank offering parallel capital markets services including underwriting, ETF management, and advisory on Tehran Stock Exchange and Iran Fara Bourse.
• Tanvin Investment Bank (تامین سرمایه تامین): Iranian investment bank ranked first among the 9 active players on revenue growth (139%) in the period Tekimia was ranked second (70%). Operates the same suite of underwriting, subscription commitment, market making, and fund management services on Tehran Stock Exchange and Iran Fara Bourse.
• Damavand Investment Bank (تامین سرمایه دماوند): Direct syndicate partner with Tekimia on the Foolad Sirjan (Sisco) IPO — the largest capital market financing in 1403. Provides the same underwriting, market-making, and fund management services and competes for the same mandate pool of Iranian corporate issuers.
• Bonyan Investment Bank (تامین سرمایه بنیان): Iranian investment bank operating in the same 9-firm competitive set, providing underwriting, fund management, and advisory services on Tehran Stock Exchange. Directly comparable in scope and regulatory positioning.
• Sarmayeh Gostaresh Novin Investment Bank (تامین سرمایه سرمایه گسترش نوین): Iranian investment bank licensed by the Securities and Exchange Organization, active in the same underwriting, subscription commitment, and ETF management services on Iran's capital markets. Competes for the same corporate issuer pipeline.

Others

• Iran Mercantile Exchange (IME / بورس کالای ایران): Not a competitor but the venue on which Kimia's commodity ETFs (Emerald gold, Plata silver, copper market-making fund) are listed and traded. Functions as critical distribution and listing infrastructure that powers Tekimia's commodity-fund franchise.
• Tehran Stock Exchange (TSE / بورس تهران): Primary exchange infrastructure where Kimia Investment Bank's own shares (Ticker: تکیمیا) are listed and where its ETFs (Onyx, Azarin, Abnoos) trade. Functions as both trading venue and regulatory ecosystem within which all of Tekimia's revenue streams are generated.

Regional players

• Firoozeh Asia Brokerage (کارگزاری فیروزه آسیا): Iranian brokerage firm that acted as offering advisor on the Nasaj Bazaar textile IPO underwritten by Tekimia. Part of Iran's broker-dealer distribution network that channels retail and institutional investors into Kimia-managed ETFs and IPO allocations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kimia-investment-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kimia Investment Bank | تامین سرمایه کیمیا